Targa Resources Financial Ratios
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Targa Resources ratio analysis
Targa Resources earned a net margin of 11.3% in FY 2025, up from 8.0% a year earlier. Gross margin was 38.3% compared with a median of 29.4% over the prior 9 years. Return on equity reached 62.7%, meaning Targa Resources generated 0.63 dollars of profit for every dollar of shareholders' equity, an unusually high figure that often reflects a small equity base after share buybacks.
Debt-to-equity stood at 5.43 versus 5.32 the year before, and the current ratio was 0.67. At the end of FY 2025, TRGP traded at 22.0 times earnings; across the 4 fiscal years shown, its year-end P/E ranged from 18.9 to 32.4, with a median of 22.9. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Targa Resources financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2021 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 22.00 | 32.43 | 23.73 | 18.94 | — | — | — | — | — | — |
| Price / sales | 2.37 | 2.50 | 1.21 | 0.80 | 0.70 | 0.74 | 1.11 | 0.84 | 1.14 | 1.55 |
| Price / book | 13.16 | 15.81 | 7.12 | 6.27 | 5.94 | 2.31 | 1.95 | 1.45 | 1.63 | 1.65 |
| Gross margin | 38.3% | 34.7% | 33.5% | 19.3% | 19.0% | 37.2% | 29.4% | 21.4% | 21.7% | 31.6% |
| Operating margin | 19.6% | 16.5% | 16.4% | 8.3% | 5.1% | -15.8% | 2.2% | 2.3% | -1.4% | 1.0% |
| Net margin | 11.3% | 8.0% | 8.4% | 5.7% | 0.4% | -18.8% | -2.4% | 0.0% | 0.6% | -3.4% |
| Free cash flow margin | 3.4% | 4.2% | 5.1% | 5.0% | 10.6% | 9.6% | -17.2% | -18.8% | -4.1% | 4.9% |
| Return on equity (ROE) | 62.7% | 50.6% | 49.1% | 44.8% | 3.5% | -58.6% | -4.3% | 0.0% | 0.9% | -3.6% |
| Return on assets (ROA) | 7.6% | 5.8% | 6.5% | 6.1% | 0.5% | -9.8% | -1.1% | 0.0% | 0.4% | -1.5% |
| Debt / equity | 5.43 | 5.32 | 4.50 | 4.01 | 3.27 | 2.92 | 1.59 | 1.10 | 0.82 | 0.93 |
| Current ratio | 0.67 | 0.72 | 0.79 | 0.77 | 0.77 | 0.82 | 0.89 | 0.51 | 0.79 | 0.86 |
| Revenue growth | 3.9% | 2.0% | -23.3% | 23.5% | 105.2% | -4.7% | -17.3% | 18.9% | 57.8% | — |
| EPS growth | 47.9% | 56.8% | -5.7% | — | — | — | — | — | — | -265.1% |